Oil and Gas This Week

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Equinor Targets 15 Million Tons of LNG as Qatar Exports Stay Blocked
https://oilprice.com/Latest-Energy-News/World-News/Equinor-Targets-15-Million-Tons-of-LNG-as-Qatar-Exports-Stay-Blocked.html

Japanese Refiners Rush for Oman Crude After Saudi Pipeline Shutdown
https://oilprice.com/Latest-Energy-News/World-News/Japanese-Refiners-Rush-for-Oman-

Crude-After-Saudi-Pipeline-Shutdown.html

Libya Threatens Force Majeure as Oil Guards Shut Fields
https://oilprice.com/Latest-Energy-News/World-News/Libya-Threatens-Force-Majeure-as-Oil-Guards-Shut-Fields.html

How Refinery Upgrades At Marathon Petroleum Stock Have Changed Its Investment Story
https://simplywall.st/stocks/us/energy/nyse-mpc/marathon-petroleum/news/how-refinery-upgrades-at-marathon-petroleum-stock-have-chang

EIA Now Sees Bigger Oil Crunch in 2026, Glut in 2027
https://www.rigzone.com/news/eia_now_sees_bigger_oil_crunch_in_2026_glut_in_2027-16-sep-2026-184633-article/

Aker BP Makes New North Sea Gas Discovery
https://www.rigzone.com/news/aker_bp_makes_new_north_sea_gas_discovery-16-sep-2026-184626-article/

USCG, FBI Conduct Cyberattack Probes on Oil Tankers
https://www.rigzone.com/news/wire/uscg_fbi_conduct_cyberattack_probes_on_oil_tankers-16-sep-2026-184631-article/

Russia set to extend diesel export ban until end of October
https://www.hydrocarbonprocessing.com/news/2026/09/russia-set-to-extend-diesel-export-ban-until-end-of-october/

Dangote launches oil refinery ‘people’s IPO’, Africa’s biggest
https://www.hydrocarbonprocessing.com/news/2026/09/dangote-launches-oil-refinery-peoples-ipo-africas-biggest/

Global product trade disruptions lift refining margins to record highs
https://www.ogj.com/general-interest/economics-markets/news/55399870/global-product-trade-disruptions-lift-refining-margins-to-record-highs

Preparing the Next Generation of Pennsylvania’s Workforce to Power Our Future
https://www.realclearenergy.org/articles/2026/09/08/preparing_the_next_generation_of_pennsylvanias_workforce_to_power_our_future_1204954.html

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On behalf of the LaCour family, it with deep sadness and a heavy heart that we announce the passing of Mark’s bother, Michael James LaCour.

Michael’s obituary can be viewed here: https://charletfuneralhome.com/book-of-memories/5741178/LaCour-Michael/index.php

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Gulf-to-China Supertanker Rates Hit $510,000 a Day
https://oilprice.com/Latest-Energy-News/World-News/Gulf-to-China-Supertanker-Rates-Hit-510000-a-Day.html

Tankers U-Turn at Hormuz as Iran Tightens Its Grip
https://oilprice.com/Latest-Energy-News/World-News/Tankers-U-Turn-at-Hormuz-as-Iran-Tightens-Its-Grip.html

Houthis Claim Third Attack on Saudi Aramco Refinery in Two Weeks
https://oilprice.com/Latest-Energy-News/World-News/Houthis-Claim-Third-Attack-on-Saudi-Aramco-Refinery-in-Two-Weeks.html

The Case for Britain Backing Its North Sea Oil and Gas Industry
https://oilprice.com/Energy/Energy-General/The-Case-for-Britain-Backing-Its-North-Sea-Oil-and-Gas-Industry.html

AFPM Applauds Senate Introduction of CRA Resolutions Challenging California Vehicle and Engine Mandates
https://www.bicmagazine.com/industry/regulations/afpm-applauds-senate-introduction-of-cra/

EIA Sees Oil Crunch in 2026, Glut in 2027
https://www.rigzone.com/news/eia_sees_oil_crunch_in_2026_glut_in_2027-20-aug-2026-184419-article/

Monumental Closes in on New Exploration Block in New Zealand
https://www.rigzone.com/news/monumental_closes_in_on_new_exploration_block_in_new_zealand-20-aug-2026-184424-article/

Greek-Run Oil Tanker Comes Under Attack
https://www.rigzone.com/news/wire/greekrun_oil_tanker_comes_under_attack-18-aug-2026-184402-article/

Aker BP to Take Over Undeveloped Discoveries from Apache, ConocoPhillips
https://www.rigzone.com/news/aker_bp_to_take_over_undeveloped_discoveries_from_apache_conocophillips-19-aug-2026-184411-article/

Exxon and Chevron’s $26.5 Billion Quarter Draws Trump’s Ire
https://oilprice.com/Latest-Energy-News/World-News/Exxon-and-Chevrons-265-Billion-Quarter-Draws-Trumps-Ire.html

Diesel Prices Overtake Jet Fuel in Europe as Global Shortage Widens
https://www.bicmagazine.com/industry/commodities/diesel-prices-overtake-jet-fuel-in-europe/

Oil Hovers Near Three-Week High on Uncertainty Over Hormuz
https://www.bicmagazine.com/industry/commodities/oil-hovers-near-three-week-high/

TechnipFMC Empowering STEM Education in Mozambique
https://www.technipfmc.com/en/media/news/2026/03/empowering-stem-education-together-in-mozambique/

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U.S. Gulf lease sale draws $82.7 million in high bids from 16 companies
https://www.worldoil.com/news/2026/8/12/u-s-gulf-lease-sale-draws-82-7-million-in-high-bids-from-16-companies/

Crude Steady as Iran Risks Persist
https://www.rigzone.com/news/wire/crude_steady_as_iran_risks_persist-12-aug-2026-184362-article/

USA Oil, Gas Workforce Hits Lowest Level in Years
https://www.rigzone.com/news/usa_oil_gas_workforce_hits_lowest_level_in_years-12-aug-2026-184361-article/

Phillips 66, Partners Sanction Texas to Arizona Oil Pipeline Project
https://www.rigzone.com/news/phillips_66_partners_sanction_texas_to_arizona_oil_pipeline_project-12-aug-2026-184357-article/

Alpha Compute plans 1-GW Pennsylvania AI campus powered by Marcellus natural gas
https://www.bicmagazine.com/departments/AI-Infrastructure/alpha-compute-plans-pennsylvania-ai-campus/

Hormuz disruption to stall 2026 LNG trade, demand to rise by 2050, says Shell
https://www.bicmagazine.com/industry/natgas-lng/hormuz-disruption-to-stall-2026-lng-trade-demand-to-rise-by-2050/

The Israeli oil pipeline that could solve the energy crisis
https://www.yahoo.com/news/world/articles/israeli-oil-pipeline-could-solve-060000973.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAGeQ3cqqERBqge4y6rp7g6GfZyL9M7TmERIZxWKsyCNMw0DjNCudV0ndQO7xQQNNCWNsNyjVNuWhl1EaZzo1Kl4wX3dOMaO8rbe7mF_SCGA_Ijp-_SGqHs7T6q8etlOTVantJsO0RLnAwuOompq_b9qigolFUUFEpev1GHVvZSx7

UK Plans 1,242-Mile Hydrogen Pipeline Network as Gas Reserves Decline
https://pgjonline.com/magazine/2026/july-2026-vol-253-no-7/features/uk-plans-1-242-mile-hydrogen-pipeline-network-as-gas-reserves-decline

MERA Oil enters final stage of site selection for planned US$5 billion refinery
https://www.hydrocarbonengineering.com/refining/31072026/mera-oil-enters-final-stage-of-site-selection-for-planned-us5-billion-refinery/

EIA: China’s crude oil imports fell in 2Q26
https://www.hydrocarbonengineering.com/refining/31072026/eia-chinas-crude-oil-imports-fell-in-2q26/

Texas Oil and Natural Gas: Caring for Our Communities
https://www.txoga100.org/caring-for-our-communities

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Oil prices slide as U.S. and Iran pause strikes to give ‘space’ for diplomacy
https://www.nbcnews.com/world/iran/oil-prices-slide-us-iran-pause-strikes-trump-diplomacy-hormuz-red-sea-rcna589383

Baker Hughes flags lower spending by oil and gas producers in 2026
https://www.oilandgas360.com/baker-hughes-flags-lower-spending-by-oil-and-gas-producers-in-2026/

First jacket for BP’s $7 billion gas and CCUS project reaches its destination
https://www.offshore-energy.biz/first-jacket-for-bps-7-billion-gas-and-ccus-project-reaches-its-destination/

First condensate cargo from Australian project en route to South Korea
https://www.offshore-energy.biz/first-condensate-cargo-from-australian-project-en-route-to-south-korea/

Refiners seek court order forcing EPA to decide small refinery exemptions
https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/072726-refiners-seek-court-order-forcing-epa-to-decide-small-refinery-exemptions

Saudi Aramco Shuts 400,000-Bpd Refinery After Houthi Strike
https://oilprice.com/Latest-Energy-News/World-News/Saudi-Aramco-Shuts-400000-Bpd-Refinery-After-Houthi-Strike.html

Oil Prices Have Overshot To The Downside
https://oilprice.com/Latest-Energy-News/World-News/ING-Oil-Prices-Have-Overshot-To-The-Downside.html

Japan Backs Overseas Oil Pipelines to Reduce Hormuz Dependence
https://oilprice.com/Latest-Energy-News/World-News/Japan-Backs-Overseas-Oil-Pipelines-to-Reduce-Hormuz-Dependence.html

Louisiana energy helps strengthen U.S. security
https://www.bicmagazine.com/industry/refining-petrochem/louisiana-energy-helps-strengthen-us-security/

Energy Department announces up to $65.5 million to advance domestic oil and natural gas production and delivery
https://www.bicmagazine.com/industry/powergen/energy-department-announces-up-to-65-5-million-to-advance-domestic-oil-and-natural-gas/

TotalEnergies initiates Pacific exports with first Mexican LNG cargo to Asia
https://www.bicmagazine.com/industry/natgas-lng/totalenergies-initiates-pacific-exports-with-first-mexican-lng-cargo-to-asia/

Australia plans first domestic oil refinery in 60 years to boost fuel security
https://www.reuters.com/business/energy/australia-considers-first-domestic-oil-refinery-60-years-2026-07-27/

TotalEnergies takes action to give access to clean cooking to 100 million people in Africa and India
https://totalenergies.com/newsroom/totalenergies-takes-action-give-access-clean-cooking-100-million-people-africa/?lang=eng

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Drone Strike Shuts Russia’s Largest Refinery as Fuel Shortages Worsen
https://oilprice.com/Latest-Energy-News/World-News/Drone-Strike-Shuts-Russias-Largest-Refinery-as-Fuel-Shortages-Worsen.html

US Cancels Oil Waiver and Strikes Iran Anew
https://www.rigzone.com/news/wire/us_cancels_oil_waiver_and_strikes_iran_anew-08-jul-2026-184083-article/

SpaceX Plans Texas Gas Pipeline to Fuel Starship Launches
https://pgjonline.com/news/2026/june/spacex-plans-texas-gas-pipeline-to-fuel-starship-launches

Oil Rockets Higher as Trump Declares Iran Ceasefire Over
https://www.rigzone.com/news/oil_rockets_higher_as_trump_declares_iran_ceasefire_over-08-jul-2026-184086-article/

Bahrain and Kuwait Restore Power After Iranian Attacks
https://oilprice.com/Latest-Energy-News/World-News/Bahrain-and-Kuwait-Restore-Power-After-Iranian-Attacks.html

Decade of Cheap Henry Hub Gas Coming to End, WoodMac Warns
https://www.rigzone.com/news/decade_of_cheap_henry_hub_gas_coming_to_end_woodmac_warns-08-jul-2026-184087-article/

BP Exits Bay du Nord Project offshore Canada
https://www.rigzone.com/news/bp_exits_bay_du_nord_project_offshore_canada-07-jul-2026-184081-article/

Ugandan Farmers Sue to Block $5 Billion East Africa Oil
https://oilprice.com/Latest-Energy-News/World-News/Ugandan-Farmers-Sue-to-Block-5-Billion-East-Africa-Oil-Pipeline.html

ABB Expands Non-Invasive Temperature Monitoring for Pipelines, Process Facilities
https://pgjonline.com/news/2026/june/abb-expands-non-invasive-temperature-monitoring-for-pipelines-process-facilities

XRG Deepens Rio Grande LNG Investment in Texas
https://pgjonline.com/news/2026/july/xrg-deepens-rio-grande-lng-investment-in-texas

BKV Brings Two Texas Carbon Capture Projects Online
https://pgjonline.com/news/2026/june/bkv-brings-two-texas-carbon-capture-projects-online

The Chevron Championship Generates $3 Million for Community Partners
https://www.thechevronchampionship.com/news/2026/the-chevron-championship-generates-3-million-for-community-partners-highlighting-2026-impact

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Exxon Mobil (XOM) Is Moving Its Legal Home To Texas In 2026
https://finance.yahoo.com/energy/articles/exxon-mobil-xom-moving-legal-161236474.html

Oil prices ease after spiking over halt to Strait of Hormuz evacuation plan
https://www.aljazeera.com/economy/2026/6/26/oil-prices-climb-after-attack-in-strait-of-hormuz-halts-evacuation-plan

Energy Prices Drive U.S. Inflation To Three-Year High
https://oilprice.com/Latest-Energy-News/World-News/Energy-Prices-Drive-US-Inflation-To-Three-Year-High.html

War Erases 1B Barrels of Cumulative Oil Supply from Market
https://www.rigzone.com/news/war_erases_1b_barrels_of_cumulative_oil_supply_from_market-10-jun-2026-183892-article/

BP CEO Shakes Up Structure
https://www.rigzone.com/news/wire/bp_ceo_shakes_up_structure-09-jun-2026-183886-article/

The Promise and Peril of Jamaica’s Offshore Oil Ambitions
https://oilprice.com/Energy/Energy-General/The-Promise-and-Peril-of-Jamaicas-Offshore-Oil-Ambitions.html

India Accuses West of Double Standards Over U.S. Russia Oil Sanctions
https://oilprice.com/Latest-Energy-News/World-News/India-Accuses-West-of-Double-Standards-Over-US-Russia-Oil-Sanctions.html

UK Sets January 2027 Deadline for Ban on Fuel Made From Russian Crude
https://oilprice.com/Latest-Energy-News/World-News/UK-Sets-January-2027-Deadline-for-Ban-on-Fuel-Made-From-Russian-Crude.html

Alaska’s Untapped Oil Wealth Is Still Struggling to Find Investors
https://oilprice.com/Energy/Energy-General/Alaskas-Untapped-Oil-Wealth-Is-Still-Struggling-to-Find-Investors.html

Exxon reportedly evaluates Woodside as LNG acquisition target
https://www.worldoil.com/news/2026/6/12/exxon-reportedly-evaluates-woodside-as-lng-acquisition-target/

Shell reportedly prepares $1 billion offshore wind asset sale
https://www.worldoil.com/news/2026/6/12/shell-reportedly-prepares-1-billion-offshore-wind-asset-sale/

Enverus sees Brent above $100 through 2027 after Hormuz disruption
https://www.worldoil.com/news/2026/6/11/enverus-sees-brent-above-100-through-2027-after-hormuz-disruption/

Chevron to fuel massive Microsoft data center in Texas using natural gas
https://www.cnbc.com/2026/06/22/chevron-cvx-microsoft-msft-natural-gas-data-center.html

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Mark and Paige record live from the 2026 Annual PIP Conference: The Wisdom Loop

Kuwait Says Oil Output Won’t Recover for 10-12 Weeks After Hormuz Reopens
https://oilprice.com/Latest-Energy-News/World-News/Kuwait-Says-Oil-Output-Wont-Recover-for-10-12-Weeks-After-Hormuz-Reopens.html

Russia’s China Energy Lifeline Is Becoming a Noose
https://oilprice.com/Energy/Natural-Gas/Russias-China-Energy-Lifeline-Is-Becoming-a-Noose.html

TETRA Prices $100 Million Stock Offering to Fund Arkansas Bromine Project
https://oilprice.com/Company-News/TETRA-Prices-100-Million-Stock-Offering-to-Fund-Arkansas-Bromine-Project.html

Equinor Nominates Jarle Roth to Succeed Reinhardsen as Board Chair
https://oilprice.com/Company-News/Equinor-Nominates-Jarle-Roth-to-Succeed-Reinhardsen-as-Board-Chair.html

Energy Cos Team Up for New AI Powered Safety Initiative
https://www.rigzone.com/news/energy_cos_team_up_for_new_ai_powered_safety_initiative-03-jun-2026-183840-article/

NOAA Predicts 2026 Atlantic Hurricane Activity
https://www.rigzone.com/news/noaa_predicts_2026_atlantic_hurricane_activity-01-jun-2026-183821-article/

Eni Declares ‘Giant’ Gas Discovery Offshore Indonesia
https://www.rigzone.com/news/eni_declares_giant_gas_discovery_offshore_indonesia-20-apr-2026-183483-article/

Oil Trading Higher for Third Consecutive Session
https://www.rigzone.com/news/oil_trading_higher_for_third_consecutive_session-03-jun-2026-183838-article/

Chevron Applies for Argentina Tax Break Program with $13B Investment Plan
https://www.bicmagazine.com/industry/drilling-exploration/chevron-applies-for-argentina-tax-break-program/

IEA Forecasts Chance of Critically Low Stockpiles Before Peak Summer Demand
https://www.bicmagazine.com/industry/refining-petrochem/iea-forecasts-critically-low-stockpiles/

Renewable Fuel Credit Prices Hit Records on U.S. Biofuel Mandates, Oil Market Volatility
https://www.hydrocarbonprocessing.com/news/2026/06/renewable-fuel-credit-prices-hit-records-on-us-biofuel-mandates-oil-market-volatility/

Wild Well Controlled Community Outreach
https://www.wildwell.com/about/community-outreach

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BP shares fall after board removes chairman Albert Manifold over ‘serious’ conduct concerns
https://www.cnbc.com/2026/05/26/bp-chair-albert-manifold-removed-conduct-governance-issues.html

Oil prices dip amid reports of tentative US-Iran deal
https://www.msn.com/en-us/news/politics/oil-prices-dip-amid-reports-of-tentative-us-iran-deal/ar-AA24iVeH?ocid=hpmsn&cvid=6a18bd57d3d2498eaab1271297c9c482&ei=28

Brazil sets clock for next two oil and gas bid rounds
https://www.upstreamonline.com/exploration/brazil-sets-clock-for-next-two-oil-and-gas-bid-rounds/2-1-1994001

ExxonMobil close to deal to return to Venezuela: report
https://www.upstreamonline.com/field-development/exxonmobil-close-to-deal-to-return-to-venezuela-report/2-1-1993394

US oil and gas lease sale in New Mexico and Texas raises more than $4bn
https://www.offshore-technology.com/news/us-oil-and-gas-lease-sale-mexico-texas/

LNG exports vs. data centers: The fight for Gulf Coast natural gas is here
https://www.bicmagazine.com/industry/natgas-lng/lng-exports-data-centers-natural-gas/

The biggest obstacle to the refinery of the future is a mindset shift
https://www.hydrocarbonprocessing.com/news/2026/05/digital-exclusive-the-biggest-obstacle-to-the-refinery-of-the-future-is-a-mindset-shift/

UAE to accelerate oil pipeline project to bypass Strait of Hormuz
https://www.aljazeera.com/news/2026/5/15/uae-to-accelerate-oil-pipeline-project-to-bypass-hormuz

ADNOC deploys heavy-duty inspector robot for hazardous environments
https://www.hydrocarbonprocessing.com/news/2026/05/adnoc-deploys-heavy-duty-inspector-robot-for-hazardous-environments/

Chevron introduces next-gen Techron in U.S. Chevron and Texaco gasolines
https://www.hydrocarbonprocessing.com/news/2026/05/chevron-introduces-next-gen-techron-in-us-chevron-and-texaco-gasolines/

Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy
https://www.hydrocarbonprocessing.com/news/2026/05/phillips-66-greenlights-new-gas-plant-and-fractionator-projects-advancing-integrated-wellhead-to-market-strategy/

Navigating the new energy landscape: Technology, talent and demand
https://www.hydrocarbonprocessing.com/magazine/2026/april-2026/trends-and-resources/executive-viewpoint-navigating-the-new-energy-landscape-technology-talent-and-demand/

Diamondback Energy and syGlass Join Forces to Ignite STEM Education in Midland, Texas
https://www.syglass.io/blog/diamondback-energy-and-syglass-join-forces-to-ignite-stem-education-in-midland-texas

★★★★☆
Commander-in-Chief
Mark and Paige,
I’m a long-time listener and occasional commenter. I’ve learned a great deal from you about how the industry actually operates as a business, rather than through politics.
I’m writing in response to Episode 400 and your discussion of the recent review. While I agree that the President is Commander-in-Chief, the founding fathers intentionally built checks and balances into our system so that no single person could unilaterally take the country to war. Iraq, Korea, and Vietnam all had various forms of Congressional approval or authorization.
Regarding President Trump, you mentioned The Art of the Deal and said there’s a strategy behind everything he does. I read the book years ago when I started my own entrepreneurial journey. While it has some entertaining stories, I didn’t find it particularly insightful from a business standpoint. Trump highlighted deals like the USFL (a league competing with the NFL) and his Atlantic City casinos—both of which ultimately failed and led to bankruptcy.
Americans elected President Trump for an “America First” agenda: no new wars, and addressing the affordability crisis at home. Unfortunately, the war in Iran appears to be a war of choice. It is proving very costly to Americans, and the administration has not secured any meaningful political concessions from Iran despite numerous declarations of victory. It feels uncomfortably similar to the Iraq situation and the WMD narrative all over again.
-Joseph Brody

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